2 Bed Flat, Single Let, Ipswich, IP4 2GF, £160,000

Meridian Rise, Ipswich, IP4 2GF - 3 views - a month ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£107.5K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£149,638

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Total Cash In

£49,900

 

 

Cash Out

 

Rent Range

£700 - £1,200

Rent Estimate

£725

Running Costs/mo

£665

Cashflow/mo

£60

Cashflow/yr

£720

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£130K04/210 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K07/210.06 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£146.5K01/230.06 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.06 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£135K03/230.19 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£125K04/230.2 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.2 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.2 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£134K10/220.41 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£115K08/210.43 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£142K02/230.45 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£120K12/220.47 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£167.5K11/220.66 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£322.5K06/230.68 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.68 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.68 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.68 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.68 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£133K09/220.7 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.71 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.71 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.71 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.71 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.71 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K04/230.71 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.71 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£130K02/230.73 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.73 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.73 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£180K05/210.74 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£125K06/210.74 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£151.5K12/200.75 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£125.5K05/210.75 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.75 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.75 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£114K01/230.76 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£138.5K10/220.76 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K10/220.77 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£140K11/210.78 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£155K07/230.78 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£147K10/220.8 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.8 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£161K09/210.8 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£150K02/210.89 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.89 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.89 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2

Local Rents

51 rents from £700/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95001/240 miMeridian Rise, Ipswich2
£1,05006/240 miMeridian Rise, IPSWICH2
£95009/240.09 miBramley Hill, IPSWICH2
£1,00008/240.09 miBramley Hill, Ipswich2
£95007/240.11 miMeridian Rise, Ipswich, Suffolk, IP42
£95008/240.11 miMeridian Rise, Ipswich, Suffolk, IP42
£87504/240.14 mi-2
£1,00006/240.14 miSuffolk Road, Ipswich, Suffolk, IP42
£99504/240.14 miWoodbridge Road, Ipswich, IP42
£1,10007/240.15 miWoodbridge Road, Ipswich, Suffolk, IP42
£90005/240.15 miFinchley Road2
£85007/240.15 miNorfolk Road, Ipswich, Suffolk, UK, IP42
£92507/240.17 miFinchley Road, Ipswich2
£85004/240.18 mi-2
£85004/240.19 miCemetery Road, Ipswich, Suffolk, IP42
£1,05007/240.19 miBelle Vue Road, Ipswich, Suffolk2
£87505/240.2 miSuffolk Road, IP42
£95006/240.2 miParade Road, Ipswich, Suffolk, IP42
£92504/240.21 mi-2
£92504/240.21 mi-2
£94501/240.21 miBelle Vue Road, Ipswich, Suffolk, IP42
£97507/240.23 miParade Road, Ipswich, Suffolk, IP42
£97507/240.23 miParade Road, Ipswich, IP42
£97504/240.25 mi-2
£99510/240.27 mi-2
£92508/240.27 miNottidge Road, Ipswich, Suffolk, IP42
£87504/240.27 miBrunswick Road, IP42
£1,10006/240.28 miNottidge Road, Ipswich2
£75004/240.3 miChristchurch Street, Ipswich2
£87502/250.31 mi-2
£97506/240.31 miCemetery Road, Ipswich, IP42
£97504/240.33 miChristchurch Street,Ipswich,IP42
£1,00005/240.33 miChristchurch Street, Ipswich2
£70004/240.34 miWithipoll Street, Ipswich, IP42
£95008/240.34 miSt Marys Road, IPSWICH2
£92508/240.35 miSt. Marys Road, Ipswich, Suffolk, UK, IP42
£92504/240.35 miWoodbridge Road, Ipswich, Suffolk, IP42
£97508/240.35 miWoodbridge Road, Ipswich, Suffolk, IP42
£89504/240.35 miHervey Street, Ipswich2
£95012/230.36 mi-2
£90007/240.38 miSt Helens Street, Ipswich2
£87504/240.38 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.38 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£1,05007/240.38 miBurnham Close, Ipswich2
£80004/240.39 miWoodbridge Road, Ipswich, Suffolk, IP42
£85009/240.39 miOxford Road, IPSWICH2
£1,10009/240.39 mi-2
£1,20004/240.41 miWhitby Road, IPSWICH2
£95007/240.42 mi-2
£77508/240.42 miSt. Helens Street, Ipswich2
£75008/240.42 miSt. Helens Street, Ipswich2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £160,000

March 27, 2025

Floor Plans

Description

  • Two double bedrooms +
  • En suite to master bedroom +
  • Contemporary kitchen +
  • Open plan kitchen/diner/lounge +
  • Allocated parking space +
  • Situated at the end of a quiet cul-de-sac +
  • Great access to town centre & Christchurch Park +
  • Furniture can be included in the sale +

SUMMARY
This well-presented second floor apartment boasts two generous bedrooms, en suite to master bedroom, an open plan kitchen/diner/lounge with contemporary kitchen and an allocated parking space.

DESCRIPTION
.

Entrance Hall 16' 3" x 3' 5" ( 4.95m x 1.04m )
Entry phone system, wood effect flooring, one radiator and a storage cupboard.

Kitchen/Lounge/Diner 21' 3" x 14' 4" ( 6.48m x 4.37m )
Double glazed windows to the front with fitted blinds, two radiators, wood effect flooring throughout, TV point, spot lights, ample space for a dining table, chairs and a sofa, a range of eye and base level units in high gloss white with stone effect worktop surfaces in grey, integrated oven with gas hob and extractor hood, integrated washing machine and fridge/freezer, boxed in boiler and a stainless steel one and a half bowl sink with a Victorian style chrome mixer tap.

Master Bedroom 12' 5" max x 15' 5" max ( 3.78m max x 4.70m max )
Double glazed windows to the rear with fitted blinds, carpet flooring, one radiator, a built in wardrobe (8ft 2" x 2ft 4") and a feature wall papered wall.

En Suite 7' x 3' 8" ( 2.13m x 1.12m )
Double glazed window to the rear with fitted blind, low level WC, pedestal wash hand basin, one radiator, wood effect flooring, a double shower with glass enclosure, shaver point, spot lights, extractor fan and part tiled walls.

Bedroom Two 10' x 10' ( 3.05m x 3.05m )
Double glazed window to the front with fitted blind, one radiator and carpet flooring.

Bathroom 7' 5" x 6' 3" ( 2.26m x 1.91m )
Low level WC, pedestal wash hand basin, bath with shower attachment, marble effect flooring, one radiator, part tiled walls, spot lights and extractor fan.

Agents Note: 
Furniture can be included in the sale.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich

01473 943298

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪